CFTC's Chilton reportedly demands stronger Volcker rule

08/6/2013 | CNBC

Commodity Futures Trading Commission member Bart Chilton reportedly informed Federal Reserve Chairman Ben Bernanke that he won't support any version of the Volcker rule that doesn't meet his regulatory standards. "The final Volcker rule needs a robust, comprehensive and targeted definition of risk-mitigating activity in order to protect markets and consumers," Chilton wrote in a letter. Chilton's letter also said that the final draft of the rule should ensure that banks are prohibited from speculating in commodity markets.

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